2023
Exports
$44.6kWorld Rnk 106 / 160
Flag Rnk 433 / 943
2023
PRODUCT COMPLEXITY IN Electric Furnaces
1.62Rnk 31 / 1025
2023
Imports
$18MWorld Rnk 55 / 206
Flag Rnk 96 / 1178

About

Exports In 2023, Iceland exported $44.6k in Electric Furnaces, making it the 106th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 433rd most exported product in Iceland. The main destination of Electric Furnaces exports from Iceland are: Israel ($28k), South Korea ($8.13k), Denmark ($6.91k), Ireland ($879), and Lithuania ($688).

The fastest growing export markets for Electric Furnaces of Iceland between 2022 and 2023 were Israel ($28k), South Korea ($8.13k), and Denmark ($6.91k).

Imports In 2023, Iceland imported $18M in Electric Furnaces, becoming the 55th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 96th most imported product in Iceland. Iceland imports Electric Furnaces primarily from: Austria ($13.3M), Germany ($1.69M), Sweden ($1.42M), United Kingdom ($291k), and France ($270k).

The fastest growing import markets in Electric Furnaces for Iceland between 2022 and 2023 were Austria ($13.3M), Germany ($1.59M), and United Kingdom ($257k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Furnaces. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$44.6k
IMPORTS (2023)$18M
NET TRADE (2023)-$17.9M

In 2023, Iceland exported $44.6k in Electric Furnaces. The main destinations of Iceland exports on Electric Furnaces were Israel ($28k), South Korea ($8.13k), Denmark ($6.91k), Ireland ($879), and Lithuania ($688).

In 2023, Iceland imported $18M in Electric Furnaces, mainly from Austria ($13.3M), Germany ($1.69M), Sweden ($1.42M), United Kingdom ($291k), and France ($270k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Israel$28k (1%)
South Korea$8.13k (1%)
Denmark$6.91k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Iceland WERE (2022 - 2023):
Cote d'Ivoire-$31k (-100%)
United Kingdom-$827 (-100%)
Poland-$251 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Electric Furnaces were:
China $1.28B
Italy $638M
In 2023, Iceland's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Electric Furnaces’s highest export potential is N/A. With an export gap of N/A.   Electric Furnaces’s highest import potential is N/A with an import gap of N/A.

See methodology.

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